# MPOWER Financing, PBC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mpower-financing-pbc

- Industry: Financial Services
- Headquarters: Washington, US
- Website: www.mpowerfinancing.com/
- Total disclosed funding: $10M
- Latest round: Series A (Mar 22, 2017)
- Investors on record: 10

## About

Based in Columbia, US, and founded in 2014, MPOWER Financing, PBC operates as a social benefit corporation that offers financial support to international and domestic students at US campuses. The company was founded by Emmanuel (Manu) Smadja (CEO), and Mike Davis. In November 2023, MPOWER Financing, PBC raised USD 300 million in venture debt funding from Deutsche Bank, Goldman Sachs Merchant Banking Division, and Varde Partners.

The company offers educational loans, scholarships, immigration support, and job search preparation for international and DACA students. The students can apply for a fixed rate with flexible loan amounts online and at the same time, the platform also helps students in processing visa applications. The company offers student loans to international students studying in the US or Canada without requiring a co-signer, collateral, or US credit history. MPOWER disburses payments directly to the university on behalf of the students to pay for tuition or university-sponsored services like housing, meal plans, or health insurance. The loan comes with interest discounts, free personal finance education courses, credit-building, and a job placement service for the students.

The company generates revenue by offering loans with interest to students and other essential financial products.

MPOWER Financing, PBC intends to use the May 2023 funding to support the growth of its portfolio internationally.

## Funding rounds

- Series A, Mar 22, 2017 — Cometa, Chilango Ventures
- Series A, Oct 27, 2016, $6M — Zephyr Management, University Ventures, DreamIt Ventures, Village Capital, Fresco Capital, 1776, Goal Structured Solutions, Inc.
- Seed, Oct 7, 2015, $4M — Baltimore Angels, Village Capital, 1776

## Investors

- Baltimore Angels — Seed
- Village Capital (https://capitalatlas.ai/funds/village-capital) — Seed, Series A
- 1776 (https://capitalatlas.ai/funds/1776) — Seed, Series A
- Zephyr Management (https://capitalatlas.ai/funds/zephyr-management) — Series A
- University Ventures (https://capitalatlas.ai/funds/university-ventures) — Series A
- DreamIt Ventures (https://capitalatlas.ai/funds/dreamit-ventures) — Series A
- Fresco Capital — Series A
- Goal Structured Solutions, Inc. — Series A
- Cometa (https://capitalatlas.ai/funds/cometa) — Series A
- Chilango Ventures — Series A